Producer prices in Latvia increased 5.3 percent year-on-year in October of 2018, up from a 5 percent rise in the previous month. Prices advanced faster for manufacturing (4.1 percent from 3.7 percent in September) and water supply, sewerage, waste management & remediation activities (9.5 percent from 8.7 percent). On the other hand, cost slowed for mining & quarrying (3.3 percent from 4.1 percent) and inflation was steady for electricity, gas, steam & air conditioning supply (9.7 percent, the same as in September). On a monthly basis, producer prices went up 0.1 percent, after a 0.4 percent drop in September. Producer Prices Change in Latvia averaged 4.44 percent from 2005 until 2018, reaching an all time high of 17.70 percent in April of 2007 and a record low of -9.30 percent in August of 2009.
Producer Prices Change in Latvia is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Latvia to stand at 3.50 in 12 months time. In the long-term, the Latvia Producer Prices Change is projected to trend around 2.40 percent in 2020, according to our econometric models.